The Carlsbad real estate market continues to show some positive trends, and the statistics for April show a number of changes as compared to March 2009. These data do not include any private sales nor manufactured/mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
Media reports speak in general terms, rather than local, so that information may not represent the reality of our local Carlsbad real estate market. Having data from a knowledgeable agent about the local market conditions benefits you as the buyer or seller.
In April 2009 there were 90 homes sold in Carlsbad's 4 zipcodes, as compared to 71 for March (a 27% increase in sales). Here's the breakdown of overall activity.
|
|
TOTAL HOMES |
Detached |
Attached |
|
Number
|
90 (up 27%) |
58 (up 34%) |
32 (down 16%) |
|
Days on Market
|
56 |
51 |
64 |
|
Average Sales Price
|
$613,685 (up 13%) |
$747,368 (up 10%) |
$371,385 (up 13%) |
|
Median Sales Price
|
$556,750 (up 7%) |
$677,500 (up 5%) |
$356,875 (up 8%) |
|
Average Sale$ / List$
|
96% |
96% |
96% |
The number of sales was up significantly from March, by 27% following the increase from March over February of 36%; the average sales prices AND median sales prices were all up for detached and attached homes over the averages for March 2009. The Days on Market (DOM) also declined from March as people are waiting less time to make moves on the well priced properties, especially detached homes. I suspect this is also the result of the great interest rates and the usual increase in activity we see with the Spring market.
At the end of April 2009 there were 623 Carlsbad homes for sale (415 detached, and 208 attached homes), an increase in inventory of 3% over March. This represents an inventory of 6.4 months for attached homes (a bout the same as in March) and 8.1 months for detached based on the current rate of sales over the last 6 months (an increase from the 5.7 months as of the end of March but still very respectable). These absorption rates continue to be encouraging when compared to many other parts of the country, some of which have over 2 years of inventory.
In April 156 homes came on the market (a decrease in the number coming on the market in March by 19%): 109 detached and 47 attached. But during the same time 143 homes went pending (90 detached, 53 attached), an increase of 16% over March which has risen 17% over February's pendings (that were up 14% over January's).
It is noteworthy that 18 of the detached homes (20%) went pending in the same month they were listed, with an average DOM of 8 days (range 1 - 21); 12 of the attached listings in March (23%) went pending in the same month with an average of 10 DOM (range 1 - 24). This likely reflects homes that are well priced and in good condition, and buyer demand.
This overview of the Carlsbad real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in February. More details can be provided if needed with regard to current activity as well as within the specific zip codes of Carlsbad.
READ MORE:
Carlsbad Real Estate - Carlsbad Market Report for March 2009
Carlsbad Real Estate - Carlsbad Market Report for February 2009
Carlsbad Real Estate - Carlsbad Market Report for January 2009
Carlsbad Real Estate - Carlsbad Market Report for December 2008
San Diego Real Estate Market - Year End Market Report for 2008
Carlsbad Real Estate - Carlsbad Market Report for November 2008
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If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2009 Jeff Dowler Carlsbad Homes and Real Estate Tidbits
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Jeff it is good to hear positive news, lets hope that it keeps going in that direction for you for May as well.
George - thanks. It IS encrouaging, although there are still many issues to overcome. But I see it as some good news that buyers and sellers should be aware of.
Jeff
Prices are still too high. Do not buy at this time.